The price of XRP floated between $ 3.05 and $ 3.15 on January 30, with no clear break in either direction. In general, XRP holders should be satisfied as long as the price remains higher than the level of $ 3, because this represents a strong psychological level while maintaining the upscale momentum.
Read the current RSI From 55 indicates the balanced market conditions, its peak and no excessive sale. This neutral situation in the RSI proposes space for the upholial movement, especially if it remains within the health of 50-70. Macd, whose line is usually displayed above the signal line, refers to an increase in bullish momentum, although the current small gap between these lines indicates modestly and not strong upward pressure.
while Gray introduction to the XRP ETF spot With NYSE, NYSE coincides with another important institutional development for XRP, its immediate impact on January 31 prices may be limited. The initial response to the market was relatively silent, with only 1 % increased after the announcement,
No major developments in the case of XRP against SEC on January 31, allowing traders to focus mainly on technical analysis and market morale.
XRP price expectations
The current market structure shows many important support levels. Basic support sits at $ 3.00, followed by $ 2.95, $ 2.85 in secondary support and 3 – respectively. Looking at resistance levels, XRP faces its first obstacle at $ 3.15, with additional resistance areas at $ 3.25 and $ 3.35.
On January 31, many scenarios appear based on the current market conditions. In a pessimistic case, XRP may decline to $ 2.95 if the decisive support fails 3.00 dollars in keeping it and the relative strength index decreases to less than 50.
Under optimistic conditions, if RSI maintains its position in the 50-70 range and the MACD gap expands positively, XRP can test the 3.50 dollar level. This upward movement will be further supported by the direction of a wider encryption market.
Also read: Crypto Old Warriors Warning This is your last chance to buy this low clouds.
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